The Prime Minister and European Commission President announced today that 'sufficient progress' had been made to unlock the next round of negotiations on the future trade agreement.
Both Parties reached agreement in principle across three areas under consideration in the first phase of negotiations:
- Protecting the rights of Union citizens in the UK and UK citizens in the Union
- The framework for addressing the unique circumstances in Northern Ireland
- The financial settlement expected to be between £35 - £40 bn
The positions form a single and coherent package. Agreement in principle has been reached on the package as a whole, as opposed to individual elements.
Under the caveat that nothing is agreed until everything is agreed, the joint commitments will be reflected in the Withdrawal Agreement in full detail.
As we move into the next phase of negotiations on a future trade agreement the Brexit Advisory Team (BrexitAT) looks forward to supporting our clients engage, manage and navigate a successful transition through the Brexit process.